Description: Shares of Carvana were briefly halted Monday morning due to volatility, down by as much as 24% at one point to below $7 per share — its lowest point on record.

Source: CNBC.com

Date: Nov 07, 2022

Link: https://www.cnbc.com/2022/11/07/carvana-stock-tanks-in-continued-sell-off.html

Questions for discussion:

• Explain the company’s rapid decline in stock value, from a marketing point of view?
• What are the primary factors that determine demand and supply for this market?
• What would you advise the firm do to deal with the situation?